Yahoo Files To Spin Off Its Alibaba Stake As “Aabaco Holdings”

Yahoo_Sunnyvale_BuildingDSign Yahoo is moving forward with plans to spin off its Alibaba assets, as outlined in a new filing with the Securities and Exchange Commission. Basically, Yahoo is tossing its Alibaba stock and a minor part of its operations into a new corporate entity. The spinoff will be a public company called Aabaco Holdings, and it will own 384 million shares of Alibaba, which is about 15 percent of the total.… Read More

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